Following are accounts and year$-$end adjusted balances of Cruz Company as of December $31.$

Prepare the December $31$ closing entries. The account number for Income Summary is $901.$

Prepare the December $31$ post$-$closing trial balance. Note: The Retained Earnings account balance was $$37,600$ on December $31$

of the prior year.

Journal entry worksheet

Record the entry to close revenue accounts.

Note: Enter debits before credits.

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Journal entry worksheet

$1$

$2$

$3$

$4$

Record the entry to close expense accounts.

Note: Enter debits before credits. $?$

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$December$],[31]],,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Journal entry worksheet

Record the entry to close income summary account.

Note: Enter debits before credits.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the entry to close the dividends account.

Note: Enter debits before credits. $\text{'}$